This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $79,551 initial cash invested.
-3.12%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$2,696
Rent
-$207
Cashflow
Cash Flow
$2,696 income − $2,903 expenses = $207 out of pocket
Investment Breakdown
|
Purchase Price
$293k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$79,551
Downpayment
20%
$58,620
Closing costs
1%
$2,931
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,696
Total Expenses
$2,903
Mortgage P&I
59%
$1,596
Property Taxes
10%
$267
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297